June 20, 2016 -
Australian firm Imagus Technology recently announced a $1 million investment deal with a leading fintech industry player.
According to a statement by the company, Imagus’ unique technologies and expertise are ideally matched to the investing party’s investments in online identification and payment systems and the partnership will significantly enhance security capabilities globally, particularly in terms of smart access, booking, ticketing, payment and clearing systems.
“I am extremely pleased and excited that a respected long-term oriented investor shares our vision of Imagus’ role as a global leader in image analysis and face recognition” said Norman Campbell, Chairman and founder of Imagus Technology. “This gives us an enormous opportunity to grow our business, enhance our existing partnerships on the east and west coasts of the USA and extend our leading edge capabilities in a global market place.”
The facial recognition technology firm also said that the investment with a fintech affiliate is the next logical step for the companies progression. The investment is the first of its kind outside of the initial founders and paves the way for Imagus to further expand into the multi-million dollar fintech identification and verification space.